By Murray Coleman

His timing couldn’t have been better. While broader markets remain on-edge ahead of the Fed’s statement on interest rates, solar stocks are moving higher.

The Guggenheim Solar ETF (TAN) is up 0.6% while the Market Vectors Solar Energy ETF (KWT) is ahead by 1.5%.

GT Solar International (SOLR) is ahead by 2.6% while Trina Solar (TSL) is up 4.2%. Also, Asian producers are rising on news that Germany’s Robert Bosch will invest $749 million in a photovoltaic manufacturing plant in Malaysia to expand its reach in that part of the world. Yingli Green Energy (YGE) is up 3.7% so far.

An official yesterday also indicated that China aims to increase its stake in non-fossil energy sources some 20%-30% as part of its longer-term strategy. Non-fossil sources including wind, solar, biomass, hydro and nuclear power accounted for about 9.6% of China’s energy supply at the end of last year, according to reports from an industry trade conference in Beijing.

About Focus on Funds

As exchange-traded funds and other investing vehicles have ballooned in number, the task of figuring out what works well and what doesn’t has only gotten harder. Barrons.com’s Focus on Funds looks under the hood of ETFs, mutual funds and hedge funds for overlooked values, actionable ideas and the latest pitfalls for fund investors.

Chris Dieterich has covered the U.S. stock market for The Wall Street Journal and Dow Jones Newswires. He is a graduate of Regis University and the Missouri School of Journalism.